Phoenix Suns managing partner Robert Sarver, Vice Chairman Andy Kohlberg and former Suns great Steve Nash are general partners in a bid to purchase a majority stake in Levante, a Spanish football club. That bid was recently rejected by the shareholders and voting parties, but per Sarver is hopeful the bid could still be revisited in the future.
Levante had gone bankrupt and were taken over by the government, who put the team up for sale to recoup an investment representing 72% of the team's ownership stake. The government appointed a 31-member voting panel and a 5-member negotiating committee to broker a deal to repay the government and bring the team out of debt.